Question
A speculator purchased a futures contract on T-bonds at a price of 9012. Two months later, the speculator sells the same futures contract in order
A speculator purchased a futures contract on T-bonds at a price of 9012. Two months later, the speculator sells the same futures contract in order to close out the position. At that time, the futures contract specifies 9314 of the par value as the price. What is the nominal profit from this futures transaction?
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Financial Markets And Institutions An Introduction To Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
3rd Edition
0073250937, 9780073250939
